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probability question, not easy
| May 1st, 2011 at 2:34:24 AM permalink | |
| andreic555 Member since: May 1, 2011 Threads: 1 Posts: 2 | Hello to everyone. I want to find a solution to the following general problem: Given a random event has a probability of 1/n, how many trials are required so that the actual frequency of the event to be 1/n +/-ERROR. Let's say EROR to be 5%. I know that in n trials the probability of occuring at least once is 1-1/e, but this doesn't help me. Thanks, Andrei |
| May 1st, 2011 at 2:44:30 AM permalink | |
| Jufo81 Member since: May 23, 2010 Threads: 2 Posts: 243 |
You can only calculate the number of trials required for the actual frequency to be 1/n +/- ERROR with certain probability (which is always <100% unless number of trials is infinite), so you could ask for example: Given an event with probability of 1/n, how many trials are required for the actual frequency to be 1/n +/- 5% with 95% probability? |
| May 1st, 2011 at 5:28:41 AM permalink | |
| andreic555 Member since: May 1, 2011 Threads: 1 Posts: 2 | You reformulated the question well. This is what I want to calculate. But i don't know how. Of course the probability of the frequency to reach the desired interval is always less than 1. Thanks. |
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